Loans Jamaica

Farm Loan Launched By Scotiabank Small Business Unit

Scotiabank’s Small Business Unit has launched a $100-million loan fund to assist small farmers to plant cash crops for local consumption. The funds, which are being made available at a concessionary rate of 9.95%, is part of the Ministry of Agriculture and Fisheries Financial Access for Responsible Members (FARM) Programme. In a release issued recently, [...]

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Financial Institutions Offering Special Car Loan Rates

In anticipation of a pre-holiday spending surge, several local banks and financial institutions have been lowering their car loan rates – in an effort to woo a hesitant consuming public. Last week, First Caribbean International Bank Jamaica Limited (FCIBJ) began offering existing car owners a refinancing loan for cars no older than two years, as [...]

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ScotiaBank Jamaica Has Reduced Its Lending Rates

Just hours after the Bank of Jamaica (BOJ) reduced the interest rate on open instruments by one per cent, Scotiabank Jamaica has announced a cut in its own interest rates. As of next Monday, August 3, Scotiabank’s base lending rates will be reduced by one per cent from 21.5 per cent to 20.5 per cent. [...]

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